The Guyanese subsidiary of U.S.-headquartered energy giant ExxonMobil has reached a production milestone at a field it operates offshore Guyana. The post Guyana’s fourth offshore project propels output at Exxon-operated oil block to new heights appeared first on Offshore Energy.
Industrial gas and fertiliser firms were the drivers of clean hydrogen growth through to 2023, but China has now taken over as the main driver of development. That was one of the takeaways from Wood Mackenzie analyst Murray Douglas, speaking at the analyst group’s Hydrogen Conference 2025 in London today. He said Chinese players were beginning to “break out” and in the process bring down the cost of green hydrogen. Douglas, who is Vice-President for Hydrogen and Derivatives Research, told attendees the past few years had seen a “defensive slowdown” in clean hydrogen capacity reaching final investment decision (FID) in many markets. “The drop maybe does look a bit more substantial than some would expect,” he said. “We’re just not seeing those very, very large green projects managing to move forward.” … to continue reading… Read More »China drives clean hydrogen growth as legacy FIDs slow, says Wood Mackenzie | Hydrogen
Another floating production storage and offloading (FPSO) unit destined for a field in Brazil’s Santos Basin operated by the country’s oil and gas giant Petrobras has started its journey from Hanwha Ocean’s shipyard. The post 8th FPSO starts making its way to Petrobras’ largest producing field appeared first on Offshore Energy.
Japanese shipping major Nippon Yusen Kaisha (NYK) has announced plans to issue transition bonds in late November in an effort to accelerate its decarbonization projects. The post NYK to issue new round of transition bonds to support its ambitious decarbonization plan appeared first on Offshore Energy.
To connect potential suppliers with buyers of hydrogen and its derivatives in the European Union (EU), the European Commission (EC) has launched its first call for interest under the Hydrogen Mechanism. The post EU launches first hydrogen mechanism call to link suppliers and buyers appeared first on Offshore Energy.
Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract […] The post 2009-built source vessel to spend more time in Western Hemisphere appeared first on Offshore Energy.
German container shipping heavyweight Hapag-Lloyd has placed firm orders at two yards based in […] The post Hapag-Lloyd’s fleet to be enriched with 14 methanol dual-fuel units appeared first on Offshore Energy.
African energy exploration player Rhino Resources has added an additional assignment to a contract for the semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, offshore Namibia. The post Rhino prolongs Northern Ocean rig’s stay in Namibia appeared first on Offshore Energy.
Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month […] The post Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway appeared first on Offshore Energy.
UK-based wind propulsion technology provider Anemoi Marine Technologies has completed the retrofit on one […] The post Anemoi: 400,000 dwt NSU ore carrier gets rotor sails appeared first on Offshore Energy.